- From a global perspective, since the Industrial Revolution, fossil fuels such as coal, oil, and natural gas have played an unprecedented role in driving global economic and social development and advancing civilisation. However, under current technological conditions, production methods, and consumption patterns, the drawbacks of extensive fossil fuel consumption by humanity are becoming increasingly apparent. At the Paris Climate Change Conference in December 2015, nearly 200 parties to the United Nations Framework Convention on Climate Change reached the Paris Agreement, making unified arrangements for global climate action post-2020. This landmark moment in human history requires decisive steps from all countries. Achieving the "dual carbon" targets (carbon peaking and carbon neutrality) is a large-scale, long-term coordinated action guided by common goals. This is a significant reflection and enhancement of human rationality, a leap from "industrial civilisation" to "ecological civilisation," and an essential beginning in building a community with a shared future for mankind.
- From a Chinese perspective, China announced at the 2020 United Nations General Assembly that it would enhance its nationally determined contributions, implement more robust policies and measures, strive to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. The nation must transition to green and low-carbon production and lifestyles while ensuring high-quality economic development at a steady pace. Achieving the "dual carbon" targets is necessary for China’s ecological civilisation construction and high-quality economic and social development. This endeavour tests China's capabilities in scientific and technological innovation and the strength of its scientific talent pool. It will promote green and low-carbon technological innovation, accelerate the formation of new green economic drivers, and foster sustainable growth. China already has certain advantages in the new energy industry, leading in renewable energy and new energy vehicles and possessing strong manufacturing capabilities and a vast domestic market. It holds some core technologies and key industrial chain advantages.
- Amidst unprecedented global changes, Zhongping Capital incorporates ESG principles into its corporate strategy and the entire investment decision-making process, continuously contributing to the high-quality development of China’s economy.
Zhongping Capital ESG Overview（July 2024）
